Swedish fintech giant Klarna is gearing up to revive its initial public offering (IPO) on the New York Stock Exchange this autumn, following a spring postponement triggered by economic uncertainty stemming from U.S. President Donald Trump’s tariff policies. According to a July 31 report by Sky News, Klarna and its advisers are targeting a September or October launch if market conditions remain favourable, with the timing under continuous review but expected to be completed before year-end.
In a memo to investors obtained by Sky News, Klarna’s CFO Niclas Neglen emphasised the company’s sustained momentum and unwavering intention to list, stating: “We’re closely monitoring market conditions and will move swiftly when the timing aligns.” Shareholders have been advised they will receive 48 hours’ notice prior to an IPO launch.
The postponement in the spring was attributed to market turmoil caused by the Trump administration’s tariff announcements, which spooked investors and led to a broader stock market sell-off. Klarna had initially filed for a U.S. IPO in March 2025, targeting a valuation of around $15 billion, but paused the process in April due to the uncertain economic climate.
Despite the setback, Klarna has since regained stability, reporting $2.8 billion in revenue for 2024 and returning to profitability. The company, founded by CEO Sebastian Siemiatkowski, has been repositioning itself beyond its buy-now-pay-later (BNPL) roots to a broader digital banking platform. This shift includes recent authorization as an Electronic Money Institution in the UK, enabling cashback offerings to its 11 million British customers.
The decision to list in New York rather than London has been a disappointment to the London Stock Exchange, which had actively pursued Klarna for a UK flotation. Klarna’s once sky-high valuation of $46 billion in 2021 was slashed to $6.7 billion in 2022 amid the tech downturn, though current estimates place its IPO valuation between $15 billion and $20 billion.
As Klarna prepares for its autumn debut, the Nordic region’s largest fintech export continues to navigate a complex global landscape, balancing growth ambitions with macroeconomic volatility. The company’s ability to time its re-entry into public markets will be closely watched as a bellwether for the broader fintech sector’s resilience.